Stearns names longtime educator as board member

St. Cloud, Minn.-based Stearns Financial Services, Inc., added Margrette Newhouse to its board of directors.

She’s taught business, leadership and entrepreneurship courses over the last 17 years at the College of Saint Benedict and Saint John’s University, Collegeville, Minn. Prior to that, she spent 17 years in banking. 

“It’s an interesting time to be in the financial industry.” Newhouse said. “The dynamics of the world, the market, and trends are changing rapidly. With Stearns Bank always operating in an innovative state, it’s an exciting place to be.”

Stearns Financial President & CEO Kelly Skalicky said Newhouse’s experiences “strengthens SFSI and provides additional board leadership with a deep understanding of the changing banking needs and growth priorities of today’s business owners. 

“It’s a tremendous advantage for Stearns Bank and I’m personally thrilled to have Margrette join our holding company board offering her expertise and insight to help lead our strategic plan and ensure we grow and continually evolve while achieving industry-leading earnings, disciplined risk management and strong capital,” she added.